The Reserve Bank of India need not keep raising rates until prices fall as it risks overshooting the inflation-adjusted real rate, which at around 1% now is appropriate for the economy, an external member of the country’s monetary policy committee said. The 250 basis points of rate hikes since May 2022 need to be allowed […]
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Demonetisation enhanced digitisation and formalization in the economy and reduced tax evasion, said Ashima Goyal Demonetisation enhanced digitisation and formalization in the economy and reduced tax evasion, said Ashima Goyal RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help the nation […]
Continue ReadingMs. Goyal was responding to a question on why the RBI did not raise interest rate much earlier despite rising inflation Ms. Goyal was responding to a question on why the RBI did not raise interest rate much earlier despite rising inflation The Reserve Bank of India is not “behind the curve” in hiking interest […]
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